The Board of Directors of „INVL Baltic Farmland“, an agricultural land investment company, proposes to allocate €388,000 or 12 cents per share to shareholders for 2023. The shareholders will decide on this at a meeting on 10 April, the company announced via the „Nasdaq“ Vilnius Stock Exchange. 

The company generated consolidated revenues of EUR 794,000 last year, up 10% year-on-year, and net profit of EUR 2.6 million, up 34%.

„INVL Baltic Farmland“ dividend policy provides for a dividend of 10 cents per share. 

In order to ensure that shareholders have the opportunity to sell their shares, the Board of „INVL Baltic Farmland“ proposes to use the available reserve of EUR 3.08 million to purchase its own shares. The company would be able to acquire treasury shares with a nominal value of up to 10% of the share capital.

The maximum purchase price per share is €5.5 and the minimum is €3.5.

The Board also approved the forecasts for 2024 and expects „INVL Baltic Farmland“ to have a consolidated revenue of EUR 835 thousand and a net profit of EUR 420 thousand.

&Scaron's forecast is based on the assumption that the value of the plots will remain unchanged during 2024. There will be no land sales or purchases and no changes in the value of the buyers' indebtedness are forecast.

„INVL Baltic Farmland”, through its group companies, owns approximately 3,000 hectares of agricultural land in Lithuania, which is leased to farmers and agricultural companies.